MSU Federal Credit Union

Student Accounts Valuing Education

Lansing SAVE (Student Accounts Valuing Education) is a children's savings program brought to you by the City of Lansing, the Lansing School District, and MSUFCU. These accounts help Lansing School District students start saving money for their future college or vocational school expenses and are funded through contributions from both public/community donations, as well as individual contributors.

Any kindergarten through 11th grade student within the Lansing School District is automatically enrolled in the Lansing SAVE program.

Lansing SAVE Accounts

Your student's Lansing SAVE account is considered a long-term savings option called a Children's Savings Account (CSA). These account types have strict rules for programs like Lansing SAVE.

Once your student has graduated high school through the Lansing School District and is ready to pursue further education, it might be the right time to use those Lansing SAVE savings. With higher-ed looking a little different for every student, these funds can be used for:

• Tuition at university
• Community college
• Technical/vocational training schools
• Books and education-related expenses
• Other future career planning

Financial Education in Schools

In 2024 our Financial Educators spent 400+ hours teaching over 16,000 students from Kindergarten to 10th grade financial education and money management skills!

Introducing, Miss Cece and the Lansing SAVE team!
Guiding students through money matters can be a difficult task, but Miss Cece, Stella, and the entire Lansing SAVE team is here to help. The Lansing SAVE team is made up of educators from MSUFCU. This team creates financial educational lessons for students in kindergarten through 11th grade.

Miss Cece can often be found in a Lansing-area classroom, helping students understand grade-appropriate financial education and money skills through reading, activity pages, and other activities.

Lansing SAVE Night

Stay tuned for details for our annual Lansing SAVE night held in the Don Johnson Fieldhouse.

2024 Highlights

Youth Resources

While Lansing SAVE is only available to students in the Lansing School District, MSUFCU has savings accounts that will grow with your children, from birth to high school to wherever life takes them.

• Learn more about our youth accounts
• Visit FUNtivity Zone and MSUFCU Kids Youtube Channel
• Check out our Wallet Watch Podcast episode below discussing how financial education impacts high school and college students:

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Can my child use the funds from the Lansing SAVE account for any kind of cost? Does it have to be tuition?

Your Lansing SAVE account is a CSA (Children's Savings Account), and strict rules apply to these kinds of programs. All savings are dedicated to postsecondary education after high school. This includes tuition for college, community college, or other kinds of training programs. It can also be used for books and other education-related expenses.

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What will happen to the Lansing SAVE account if my child does not go to college?

Lansing SAVE account funds can be used toward other kinds of postsecondary education, like community college, city colleges or technical and vocational training. If your child decides not to pursue any postsecondary education, the funds you've saved (privately invested funds) will be returned to your child when he or she turns 26. However, funds contributed to your child's account by the City of Lansing or our partners (public invested funds), and interest accrued on those funds, feature restrictions. These funds must go toward postsecondary education related expenses, and will be reinvested in the Lansing SAVE program if not used by your child for this purpose.

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If my child transfers schools, or leaves the Lansing School District, do they get to keep their Lansing SAVE account?

If your child has a Lansing SAVE account and transfers schools within the Lansing School District nothing will change with their account. If they leave the school district their account will remain open, but no new funds will be deposited by the Lansing School District.

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Am I (as the parent/guardian) liable for tax implications on this account?

No, parents/guardians are not liable for any tax implications on their child's Lansing SAVE account. Lansing SAVE accounts are set up with only the student's name and no social security number. All tax implications are handled through MSU Federal Credit Union and the City of Lansing.

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